Servicing

If and when they are done right, downpayment assistance programs work, according to Wells Fargo.

Ally Financial said its mortgage operations provided pretax income of $100 million in the fourth quarter.

Freddie Mac has further expanded the number of its Borrower Help Centers by opening three new branches in Atlanta, Las Vegas and Los Angeles.

Despite the typically slow winter months, the housing market continued to see progress in home values through January.

Approximately 8% of the outstanding balance of commercial and multifamily mortgages held by nonbank lenders and investors will mature in 2013.

CitiMortgage has responded to recent allegations that it and other large banks engaged in deceptive practices when force-placing insurance policies on borrowers, saying it follows federal rules and guidance in this area.

We're hearing changing rules will likely stifle innovation in mortgage technology development in the near term.

Just two weeks after issuing new mortgage rules, the Consumer Financial Protection Bureau added 1,800 pages of regulations covering mortgage servicing.

The credit union movement cannot survive without the ability to write mortgages, meaning they simply will have to abide by the new rules.

Nationstar Mortgage Holdings closed the purchase of mortgage servicing rights of roughly $97 billion in unpaid principal balance loans and certain other assets from Bank of America.